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Ministerial Decision

Ministry of Commerce, Industry, and Investment Promotion: Ministerial Decision 630/2022 Issuing the Regulation Governing the Procedures for Identifying the Beneficial Owner

Arabic

Based on the Commercial Register Law 3/74,

the Commercial Law promulgated by Royal Decree 55/90,

the Law of Anti-money Laundering and Counter-terrorist Financing promulgated by Royal Decree 30/2016,

the Commercial Companies Law promulgated by Royal Decree 18/2019,

the Foreign Capital Investment Law promulgated by Royal Decree 50/2019,

and Royal Decree 97/2020 Amending the Name of the Ministry of Commerce and Industry to the Ministry of Commerce, Industry, and Investment Promotion, Determining Its Competences, and Adopting Its Organisational Structure,

and in pursuance of public interest,

it is hereby decided

Article I

The provisions of the attached regulation shall apply in regard to the governance of the procedures for identifying the beneficial owner.

Article II

Commercial companies shall rectify their status in accordance with the provisions of the attached regulation within one month from the date of its entry into force.

Article III

This decision shall be published in the Official Gazette, and comes into force on the day following the date of its publication.

Issued on: 4 Jumada Al-Akhirah 1444
Corresponding to: 28 December 2022

Qais bin Mohammed bin Moosa Al-Yousef
Minister of Commerce, Industry, and Investment Promotion

Published in Official Gazette 1474 issued on 1 January 2023.


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Ministerial Decision

Ministry of Commerce, Industry, and Investment Promotion: Ministerial Decision 621/2022 Issuing the Regulation on the Supervision of Accounting and Auditing Offices and Firms and Precious Metals and Valuable Gemstones Establishments and Firms regarding Anti-money Laundering and Counter-terrorist Financing

Arabic

Based on the Law Regulating the Accounting and Auditing Profession promulgated by Royal Decree 77/86,

the Law on the Control of Precious Metals promulgated by Royal Decree 109/2000,

the Law of Anti-money Laundering and Counter-terrorist Financing promulgated by Royal Decree 30/2016,

Royal Decree 97/2020 Amending the Name of the Ministry of Commerce and Industry to the Ministry of Commerce, Industry, and Investment Promotion, Determining Its Competences, and Adopting Its Organisational Structure,

the Regulation on the Procedures for Implementing the Security Council Resolutions Issued under Chapter VII of the Charter of the United Nations on the Prevention and Suppression of Terrorism and Its Financing and on the Prevention, Suppression, and Obstruction of the Proliferation of Weapons of Mass Destruction and Its Financing issued by Decision 1/2021,

and Ministerial Decision 198/2021 Issuing the Regulation on the Supervision of Accountants, Auditors, Accounting and Auditing Offices and Firms and Precious Metals and Valuable Gemstones Establishments and Firms regarding Anti-money Laundering and Counter-terrorist Financing,

it is hereby decided

Article I

The attached Regulation on the Supervision of Accounting and Auditing Offices and Firms and Precious Metals and Valuable Gemstones Establishments and Firms regarding Anti-money Laundering and Counter-terrorist Financing shall apply.

Article II

Accounting and auditing offices and firms and precious metals and valuable gemstones establishments and firms shall rectify their status in accordance with the provisions of the attached regulation within one month from the date of its entry into force.

Article III

The aforementioned decision 198/2021 is hereby repealed, as well as all that is contrary to the attached regulation or in conflict with its provisions.

Article IV

This decision shall be published in the Official Gazette, and comes into force on the day following the date of its publication.

Issued on: 28 Jumada Al-Awwal 1444
Corresponding to: 22 December 2022

Qais bin Mohammed bin Moosa Al-Yousef
Minister of Commerce, Industry, and Investment Promotion

Published in Official Gazette 1473 issued on 25 December 2022.


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Ministerial Decision

Ministry of Commerce, Industry, and Investment Promotion: Ministerial Decision 619/2022 Issuing the Regulation Governing the Practice of the Activity of Marketing and Promotion on Internet Websites and Social Media

Arabic

Based on the Commercial Register Law 3/74,

the Commercial Law promulgated by Royal Decree 55/90,

and Royal Decree 97/2020 Amending the Name of the Ministry of Commerce and Industry to the Ministry of Commerce, Industry, and Investment Promotion, Determining Its Competences, and Adopting Its Organisational Structure,

and in pursuance of public interest,

it is hereby decided

Article I

The provisions of the attached regulation shall apply in regard to the governance of the practice of the activity of marketing and promotion on internet websites and social media.

Article II

Those addressed by the provisions of the attached regulation shall rectify their status in accordance with its provisions within 6 (six) months from the date of its entry into force.

Article III

This decision shall be published in the Official Gazette, and comes into force after 90 (ninety) days from the date of its publication.

Issued on: 27 Jumada Al-Awwal 1444
Corresponding to: 21 December 2022

Qais bin Mohammed bin Moosa Al-Yousef
Minister of Commerce, Industry, and Investment Promotion

Published in Official Gazette 1473 issued on 25 December 2022.


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Ministerial Decision

Ministry of Commerce, Industry, and Investment Promotion: Ministerial Decision 574/2022 Issuing the Governance Regulation for Foreign Investor Applications Approval Offices

Arabic

Based on the Foreign Capital Investment Law promulgated by Royal Decree 50/2019,

Royal Decree 97/2020 Amending the Name of the Ministry of Commerce and Industry to the Ministry of Commerce, Industry, and Investment Promotion, Determining Its Competences, and Adopting Its Organisational Structure,

and the Executive Regulation of the Foreign Capital Investment Law promulgated by Ministerial Decision 72/2020,

 and in pursuance of public interest,

it is hereby decided

Article I

The provisions of the attached regulation shall apply in regard to the governance of foreign investor applications approval offices.

Article II

This decision shall be published in the Official Gazette, and comes into force on the day following the date of its publication.

Issued on: 14 Rabi Al-Thani 1444
Corresponding to: 9 November 2022

Qais bin Mohammed bin Moosa Al-Yousef
Minister of Commerce, Industry, and Investment Promotion

Published in Official Gazette 1468 issued on 20 November 2022.


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Ministerial Decision

Ministry of Commerce, Industry, and Investment Promotion: Ministerial Decision 527/2022 Issuing the Regulation for Organising and Managing Exhibitions

Arabic Auto Translate

Published in Official Gazette 1461 issued on 2 October 2022.

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Ministerial Decision

Ministry of Commerce, Industry, and Investment Promotion: Ministerial Decision 519/2022 regarding the Ban on Importing Plastic Bags

Arabic

Based on Royal Decree 97/2020 Amending the Name of the Ministry of Commerce and Industry to the Ministry of Commerce, Industry, and Investment Promotion, Determining Its Competences, and Adopting Its Organisational Structure,

and in pursuance of public interest,

it is hereby decided

Article I

Companies, establishments, and individuals are hereby banned from importing plastic bags.

Article II

Without prejudice to any punishment more severe stipulated in any other law, an administrative fine of 1,000 (one thousand) Rial Omani shall be imposed on anyone who violates the provisions of this decision, and it shall be doubled if the violation is repeated.

Article III

All that is contrary to this decision, or in conflict with its provisions, is hereby repealed.

Article IV

This decision shall be published in the Official Gazette, and comes into force on 1 January 2023.

Issued on: 16 Safar 1444
Corresponding to: 13 September 2022

Qais bin Mohammed bin Moosa Al-Yousef
Minister of Commerce, Industry, and Investment Promotion

Published in Official Gazette 1459 issued on 18 September 2022.

Categories
Ministerial Decision

Ministry of Commerce, Industry, and Investment Promotion: Ministerial Decision 498/2022 Naming the Chair and Members of the Election Contestation Committee of Oman Chamber of Commerce and Industry

Arabic Auto Translate

Published in Official Gazette 1455 issued on 21 August 2022.

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Ministerial Decision

Ministry of Commerce, Industry, and Investment Promotion: Ministerial Decision 493/2022 Amending Some Provisions of the Governance Regulation of the Electoral Committees of the Oman Chamber of Commerce and Industry

Arabic Auto Translate

Published in Official Gazette 1455 issued on 21 August 2022.

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Ministerial Decision

Ministry of Commerce, Industry, and Investment Promotion: Ministerial Decision 494/2022 Naming the Chair and Members of the Electoral Committee of the Oman Chamber of Commerce and Industry

Arabic Auto Translate

Published in Official Gazette 1455 issued on 21 August 2022.

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Ministerial Decision

Ministry of Commerce, Industry, and Investment Promotion: Ministerial Decision 473/2022 regarding the Regulation Governing the Practice of Productive Home Businesses

Arabic Auto Translate

Published in Official Gazette 1451 issued on 24 July 2022.